Contract Cleaning Services for sale in Winchester

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Ian McGregor (Nov 2013)
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Leasehold Price: £39,950 Turnover: £58,754 Gross Profit: £47,379
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy dry cleaning business in Winchester, Hampshire. The business was established in 2003 and has been in our clients careful ownership since 2005. Only now is the business being offered to the market due to our clients desire for a well-deserved retirement. The business operates 5½ days per week and generates a turnover in the region of £59,000 per annum, with a gross profit of approximately 81%.

Our clients offer a wide range of services including dry cleaning, alterations, laundry and carpet cleaner hire, as well as being an agent for shoe repairs and key cutting. The dry cleaners is an easily run operation, making it the perfect first time buyers business, with very little competition within the area.

The business has built up an excellent reputation within the area for the high quality services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business benefits from low rent and rates, as well as very low overheads.

We feel there is scope for a new owner to increase the turnover by extending the opening hours, as well as embarking on a modest marketing campaign to advertise the business and the services offered. We are advised that the current owner is willing to offer an extensive training and handover period to any new owner, if required.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Five Star Dry Cleaners occupies ground floor lock-up premises, ideally located in a prominent trading location within the City of Winchester, Hampshire. The business is situated within a parade of complimentary shops and businesses, therefore benefitting from a very high volume of footfall and passing trade. The business further benefits from free on-street parking facilities to the front of the premises. The area is surrounded by densely populated residential areas, from which the business derives much of its trade.

Winchester is a city in Hampshire and is located at the western end of the South Downs National Park, along the course of the River Itchen. According to the 2011 census, the City of Winchester had a residential population of 116,800.  Winchester is a very popular place in which to live and work, combining the best of city life with the freshness of the surrounding countryside.

The area of the business is very well-served by the public transport system, with several bus stops within easy walking distance of the property. Winchester railway station is just over five minutes walk away. The city is located near the M3 motorway and at the meeting point of the A34, A31, A3090 and A272 roads. It is just to the south of the A303 and A30, which is the major gateway to the West Country.

PREMISES
Ground floor lock-up premises, in a prime trading location, briefly comprising:

Main customer service area with:

Large bay window with a display of antique irons and underside storage units.

Carpet cleaner display area with display racking for general dry cleaning accessories.

Laminated flooring throughout.

Main serve over counter with electronic cash register and credit/debit card payment facilities.

Dry cleaning/staff area with:

M25E dry cleaning machine.

Rotor cabinet.

Barbanti 403 press.

Whirlpool Dreamspace washing machine.

Indisit tumble dryer.

Ironing board.

Iron

Spotting table.

2 x air compressors.

Clothes rails.

Machine dye cabinet.

Three door and three drawer cabinet.

Staff area:

Three door kitchen cabinet.

Stainless steel sink and drainer.

Microwave oven.

Kettle.

Desk and chair.

WC with wash hand basin.

External with:

Rear parking area.

Good signage to front.

TENURE
We are advised Leasehold:

Remaining lease length: 3-4 years

Rent: £9,500 per annum

HOURS
The business is open:

Monday – Friday: 8.30am – 5.30pm

Saturday: 8.30am – 1.00pm

Sunday: Closed

STAFF
The business is owner run and managed with 1 x part time staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of £59,000 per annum, with a gross profit of approximately 81%.



Tenure: Leasehold

Listed by: Hilton Smythe
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